DOGE/USDT – 1H – SELL

The currency pair Dogecoin/Tether (DOGE/USDT) moves from the bullish trendline down.

A bearish trend down to the next support at 0.188800000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.206720000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.19347 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.206720000 could happen.
Consider stop-loss settings accordingly.

And also a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.206720000 – 0.196230000 – 0.186990000 – 0.188800000 – 0.180220000 – 0.180460000

Trading Signals: FOREX – DOGE – DOGE/USDT – USDT – Three Black Crows